2200-2290 Bristol RdBensalem, PA 19020

For Sale

$13,380,000

Property records and analytics

Highlights

Grocery-anchored shopping center with ShopRite and CVS representing 93% of the center.
ShopRite, a market leader in Philadelphia, has operated in this center since 1999, recently extending its lease by 10 years and investing $2.5 million in capital improvements. Rent increases are scheduled every 5 years.
CVS Pharmacy (NYSE: CVS, S&P: BBB Investment Grade) operates over 9,000 locations nationwide and has been in this center since 1999, recently extending its lease by 10 years. The location offers an ideal drive-through setup.
100% national tenants including ShopRite, CVS, Verizon, and T-Mobile (cell tower).
Attractive in-place non-recourse life insurance debt with a 3.50% interest rate, 51% LTV, maturing August 2030.
Below replacement cost at $199 per square foot.

2200-2290 Bristol Rd, Bensalem, Pennsylvania

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